11/24/2021
Savvy Real Estate Moment
An excerpt from "How to be a Savvy Home Buyer."
What is a Savvy offer to purchase a home when you know you are up against competition?
To avoid paying $1,000's above the next highest offer, use the little known "Escalation Clause."
Where you start at a lower price. For example: $150,000. Then state that your offer automatically increases by $500 over any next higher offer, up to a maximum of say $170,000.
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